Maersk Line Charters GSL’s Containership

Containership charter owner Global Ship Lease has agreed a charter with Danish shipping giant Maersk Line for the 2000-built vessel Tasman.

The 5,936 TEU ship would start the new charter, agreed for a minimum 30-month / maximum 38-month period, in July 2019 on the completion of the current charter. The deal is subject to a further 12-month extension at the charterer’s option.

Global Ship Lease said that the contract is expected to generate around USD 5.3 million of Adjusted EBITDA for the median firm period and an additional USD 4.4 million if the 12-month extension option is exercised.

“Our focus in 2019 has been to draw upon our highly experienced chartering team, comprehensive commercial capabilities and deep relationships throughout the container shipping industry in order to secure long-term employment for our fleet and take advantage of the strengthening market, particularly for mid-sized vessels,” George Youroukos, Executive Chairman of Global Ship Lease, said.

“This multi-year employment adds to our substantial contracted revenue stream while also demonstrating the clear long-term demand for our high-specification Post-Panamax containerships,” Ian Webber, Chief Executive Officer of Global Ship Lease, added.